StockNews.com began coverage on shares of ClearSign Technologies (NASDAQ:CLIR – Free Report) in a research report report published on Thursday morning. The brokerage issued a sell rating on the technology company’s stock.
Separately, HC Wainwright reaffirmed a buy rating and set a $6.00 price target on shares of ClearSign Technologies in a research report on Wednesday, April 24th.
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ClearSign Technologies Trading Up 1.2 %
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last posted its earnings results on Monday, April 1st. The technology company reported ($0.02) earnings per share for the quarter. ClearSign Technologies had a negative return on equity of 77.28% and a negative net margin of 216.15%. The business had revenue of $1.27 million for the quarter. As a group, equities analysts forecast that ClearSign Technologies will post -0.11 EPS for the current year.
Institutional Investors Weigh In On ClearSign Technologies
A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC increased its position in ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) by 223.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,016 shares of the technology company’s stock after purchasing an additional 33,152 shares during the period. Disciplined Investments LLC owned approximately 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent quarter. 24.03% of the stock is owned by institutional investors.
ClearSign Technologies Company Profile
ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.
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